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Landsmill Renewables Private Limited
(
Proposed Solar Module Manufacturing Plant
5 Gigawatt (Per Annum)
Registered & Administrative Office: 1510 & 1511, 15th
Floor, Chiranjiv Tower, 43, Nehru Place, New Delhi -
110019, India
Proposed Plant Site :- Mohasa Babai Industrial Area,
District : Narmadapuram, Madhya Pradesh
[Link]. in
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“Project Details: Landsmill Solar Venture”
Landsmill Renewable to Set Up 5 Gigawatt Solar Panel Manufacturing
Facility, Paving the Way for a Sustainable Energy Future
"The Indian government and the state of Madhya Pradesh have announced a range
of fiscal and financial incentives to underscore India's unwavering commitment
to the make in India mission.
In line with this initiative, the Madhya Pradesh government is offering a subsidy
for setting up large and mega industrial investments in the state of MP with an
eye on providing large scale employment opportunities to the local population ,
Acknowledging the potential of Solar sector as a priority area for development.
And taking a note of the fiscal and financial support , we at Landsmill Renewable
wish to set in motion a mega Solar Module assembly Plant in the state of MP ,
to achieve sustainable growth, and innovation in solar energy production, while
encouraging investment in the industries sector and by backing up critical
industrial sector like solar , the MP government is spearheading India's transition
to a cleaner, more sustainable energy future, aligning with the nation's climate
goals and vision for a greener tomorrow."
As a country blessed with abundant sunlight, India has immense potential to
harness solar energy and reduce its reliance on imported solar modules. Despite
being a solar-rich country, India still imports a significant portion of its solar
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modules, missing out on the opportunity to become a net exporter. Landsmill
Renewable's 5 Gigawatt Solar Panel Manufacturing facility in MP aims to change
this narrative.
The importance of solar energy in India cannot be overstated. With the country's
growing energy demands and increasing carbon emissions, solar power offers a
cleaner, sustainable alternative. India's carbon footprint is rising, and projects like
this will play a crucial role in reducing emissions and mitigating climate change.
Globally, the urgency to address climate change has never been more pressing.
The world is racing against time to limit global warming to 1.5°C above pre-
industrial levels, as outlined in the Paris Agreement. To achieve this, countries
must work together to reduce carbon emissions by 45% by 2030 and reach net-
zero by 2050.
In line with the Prime Minister of India's ambitious targets for the solar industry,
Landsmill Renewable's facility will contribute significantly to achieving these
goals. The government aims to reach 500 GW of renewable energy capacity by
2030, with solar power playing a vital role in this mix.
By manufacturing solar panels domestically, Landsmill Renewable's project will
not only reduce reliance on imports but also create job opportunities, stimulate
economic growth, and contribute to India's energy security. This facility will be
a testament to India's potential to become a global leader in the solar
manufacturing sector.
With a significant investment of Rs. 1400 crore, Landsmill Renewable is
committed to supporting India's renewable energy goals and reducing carbon
emissions. This project is a step towards a sustainable energy future, and we look
forward to contributing to a cleaner, greener tomorrow.
"Our cutting-edge 5 Gigawatt per annum solar module manufacturing facility,
spanning 35 acres, represents a significant investment in renewable energy.
Scheduled for commercial production by October 1st, 2025, this project will
generate approximately 1,500 direct jobs and an equal number of indirect
opportunities, stimulating local economic growth and supporting ancillary
industries. Moreover, it will play a vital role in reducing carbon emissions,
contributing to a sustainable future."
Our solar module plant will be a pioneering force in India's solar energy
landscape, as we adopt the cutting-edge Topcon cell technology to manufacture
Topcon solar panels, a significant leap forward from the prevalent mono
technology solar panels currently being produced by most players in the country.
By harnessing the latest advancements in solar energy production, our Topcon
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solar panels will deliver a quantum leap in performance, with higher energy yield,
enhanced durability, innovative bifacial capability, and lower levelized cost of
energy (LCOE), setting a new benchmark for solar energy production and
positioning us at the forefront of India's transition to more efficient and
sustainable solar energy solutions.
As India continues to grow and develop, projects like this will play a vital role in
ensuring a sustainable future. Landsmill Renewable is proud to be at the forefront
of this revolution, and we look forward to making a positive impact on the
environment and the economy.
Company’s Vision –
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At Landsmill Renewable, our mission is to revolutionize the solar energy sector
by setting up a fully integrated solar panel manufacturing facility. Our ambitious
goal is to establish a backward integration setup, where we will produce the entire
Bill of Materials (BOM) in-house, including solar cells, solar glass, EVA sheets,
aluminium framing, and PB Ribbon. By setting up this comprehensive facility
within the same complex, we aim to create a first-of-its-kind project that
showcases our commitment to innovation, sustainability, and self-reliance. This
integrated approach will enable us to enhance efficiency, reduce costs, and
contribute significantly to India's renewable energy targets, while making us a
global leader in the solar manufacturing sector.
Landsmill Group – At a Glance
Landsmill Agro Private Limited (LAPL), flagship company of the group, is
a Company limited by Shares, incorporated on 03.12.2019 (Third day of
December in the year Two Thousand and Nineteen) by the Registrar of
Companies - Delhi under the Companies Act 2013.
The company has existing Blending & packaging unit of t H-21, Site-B,
Industrial Area, Mathura, Uttar Pradesh – 226001 measuring 2,453 SQM with
manufacturing Capacity of 125, 50,10 & 50 tons per day of product “Blended
Edible Vegetable oil”, “Interesterified Vanasapati Oil” Margarine & Kachi
Ghani Musard Oil respectively which are household consumable products with
Indian Consumers who use oils regularly as healthy cooking medium. Along with
this company has packing capacity of 125 MT and 25MT for Refined
Palmolien Oil and Refined Soyabean Oil respectively. The total project has
been funded through promoter’s contribution only including working capital
margin and company has not availed any term loan. The
company started commercial operations from July-20.
The promoters of the company, Landsmill agro private limited are Mr Praveen
Kumar Agrawal and Mr. Garvit Agarwal. The company has registered trademarks
in the name of the company. The company understands the importance of quality
relationships with customers and suppliers and believe in long term win – win
associations and are committed to access new set of customers under its new
brand names.
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The company is enjoying working capital facility of Rs.25.00 Crores in the form
of fund-based limit and 100 Crs. in the form of Non-Fund Based from State bank
of India and achieved a turnover of Rs. Rs.785 Crores approximately in FY. 2024.
BRIEF BUSINESS MODEL OF THE COMPANY
The present products of the company are as follows:
1.) Blended Edible Vegetable Oil
2.) Edible Vegetable Fats / Margarine
3.) Refined Soyabean Oil
4.) Refined Palmolein Oil
5.) Refined Mustard Oil
6.) Refined Rice Bran Oil
Blended Edible Vegetable Oil –
Blended Edible Vegetable Oil is multi-source vegetable oil approved by FSAI
and Agmark which is produced by processing/mixing 2 or more vegetable plant
oils where we add rice bran oil and soyabean oil to provide best health benefits
of both the oils in single product only. As per the FSSAI guidelines we add RBO
80% and rest 20% refined soyabean oil along with addition of vitamins A & D.
The company then sells it in its brand name “Dhankosh”.
Landsmill Group, is led by Mr Praveen Agarwal, is a diversified conglomerate
with a rich legacy of 30 years in the business world, primarily in the FMCG sector
with a strong foothold in the edible oil market in India, and a state-of-the-art
manufacturing unit in Mathura as detailed above. Praveen Agarwal's passion for
contributing to the environment, instilled in him from a young age, has now taken
shape under the leadership of his son, Garvit Agarwal, who has dedicated himself
to setting up a solar project, driving it forward through tireless efforts and
extensive research. To ensure the project's success, the group has appointed
seasoned professionals, including a senior CEO and CFO, who bring a wealth of
experience to the table, and with this foray into the solar sector, Landsmill Group
is poised to make a significant impact on the environment while contributing to
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India's renewable energy targets, testifying to the group's commitment to
sustainability and its vision for a brighter, greener future.
OUR PRODUCTS
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Financial Highlights : Landsmill Agro Pvt Ltd:
(All Fig. in Crores of INR)
Fin. Year: 2021-22 2022-23 2023-24
Turnover 257.44 455.29 785.22
Operating 4.56 10.94 25.88
Profit
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Leadership Team:
Praveen Agarwal: A Visionary Leader
Mr. Praveen Agarwal a commerce graduate, is a seasoned entrepreneur with a
humble and down-to-earth demeanour. With an illustrious business career
spanning over three decades, he has established himself as a respected figure in
the industry. His extensive experience of 30 years has equipped him with a deep
understanding of the business landscape, allowing him to navigate challenges
with ease and make informed decisions. Throughout his journey, Praveen
Agarwal has remained committed to his values and principles, earning him the
admiration and respect of his peers and associates. His leadership and vision have
been instrumental in shaping the success of Landsmill Group, and his legacy
continues to inspire future generations.
He plays a vital role in the growth & expansion of the company by using his
experience in the same field for more than 2dacades in the FMCG items. He is
the promoter & director of Landsmill group. Although, the company has started
its production in July 2020 only but Mr. Praveen Kumar Agarwal, promoter of
Landsmill Agro Private Limited and also father of Mr. Garvit Agarwal (The
second promoter of the company) is in the same line of business from a very long
time.
Mr. Praveen Kumar Agrawal was previously engaged in the business of trading
of agro- commodities such as edible oils, pulses, food grains, soyabean & mustard
seeds etc with his father and brother in the organization structure of proprietorship
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concern. Later on, Mr. Agarwal thought to start a new business considering and
utilizing his experience, business connections & relationship with the
distributors, customers, and suppliers. So he thought to do business on bigger
scale in the form of company in a legalized form and invested in the
manufacturing set up of Landsmill Agro Private Limited.
He has been constantly engaged in modernization & innovation of empowering
latest technology and is responsible for overall changes and decision in all the
departments of the company. His focus on customer success and building lasting
relationships with clients has a deep impact on the organizational ethos of the
company
Garvit Agarwal: A Dynamic Young Leader
Garvit Agarwal, a talented and driven young professional, completed his studies
at Amity University, Noida, earning an MBA degree. He joined his father's
business, Landsmill Group about 4 years ago, and has since made significant
contributions to its success.
Ever-since his association with the group he has brought fresh and novel ideas of
modern management and added tangible value to the sales & marketing function
of edible oils division.
Mr. Garvit Agarwal is working under mentorship of his father, Mr. Praveen
Kumar Agrawal in Edible Oil Manufacturing Business and Management and
furthermore, Mr. Garvit Agarwal is also overlooking the Company’s Marketing
Team to provide them with necessary inputs and help improve sales.
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Mr. Garvit Agarwal has vast knowledge in sales and marketing and performs as
head of the marketing department and take all major decisions related to sales and
promotion of the company with guidance of Mr. Praveen Kumar Agrawal. He is
more concerned with the achievement of company’s sales targets and
implementation of Cost reduction techniques. He deals with decisions related to
manufacturing process & productions and involves in development and
administration programs for high achievements for the company.
Garvit's passion for innovation led him to explore the solar industry, and he
undertook an intensive learning journey to China to gain hands-on experience.
His dedication and perseverance enabled him to build a skilled team, driving the
project forward with remarkable results. With a keen focus on sales, Garvit has
generated substantial interest in the solar project, receiving numerous inquiries
and propelling the business forward. His tireless efforts and commitment to
excellence have earned him recognition as a rising star in the industry.
JP Yadav: A Solar Industry Veteran
JP Yadav, Director of Landsmill Group, brings an unparalleled wealth of
experience to the table, with a remarkable 30-year tenure in the solar industry.
His extensive expertise spans the manufacturing of solar panels and the entire Bill
of Materials (BOM) for solar projects. Throughout his illustrious career, JP
Yadav has had the privilege of working with esteemed organizations and industry
leaders, honing his skills and staying at the forefront of technological
advancements. His deep understanding of the solar sector and its intricacies
makes him an invaluable asset to Landsmill Group, driving the company's success
and growth in the renewable energy space.
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“Project Details: Landsmill Solar Venture”
Project Cost:
All Figures in INR Crore
Particulars Total
Land and Land Development 70.70
Building and Civil Works 290.45
Plant and Machinery Cost 787.64
Miscellaneous Fixed Assets 27.73
Preliminary and Pre-operative 4.05
Interest During Construction 58.22
Contingency 22.12
Margin Money for Working Capital 137.10
Total Project Cost 1,398.01
The Project Cost as above shall be funded to the extent of INR 350
Crores by equity infusion from the promoters and remainder of the
Project Cost shall be funded by way of Long Term Institutional
Debt.
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SWOT ANALYSIS
Strong Policy Push and Govt Backing for Green Energy
India with 300 plus days in a year of sunshine naturally and ideally suited
for solar push
Huge Demand and Supply Gap in the Solar module installed capacity
Well established inflow and outflow from proposed project depicts the
sufficient cash accruals and comfortable EBIDTA to fulfill company’s
financial commitments to serve the interest and principal in time.
Sound Promoter Background with institutional investors and proven
Track Record with net worth of 500 Cr
Shortage of technical and financial Resources is a challenge at this point
of time since the renewal energy is nascent phase and Capital Intensive
High cost in replacement of established expertise is another challenge
Government of India’s push for expansion of green field project serves
as great opportunity to engage in this field and Renewable energy
focused funding a welcome sign.
Strategic partnership and accelerated technical innovation & advances
gives a great opportunity in this sector. Our Proposed tie up with world
leader shall be a huge advantage to begin with.
Unpredictable fluctuation in raw material prices and high cost of skilled
man power poses some threats to this sector, which however will ease
out with the entry of more and more entities in this field.